Ascom Operations in South Sudan

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Moldova's Ascom Group SA signed a production sharing agreement with South Sudanese authorities in June 2005 for Block 5B. The block was claimed by a consortium led by Malaysia’s Petronas, which maintained that it was the legitimate operator of the block after Ascom began exploring acreage.[1] and began drilling in the area in January 2008.[2]

The Sudan Tribune reported in January 2007 that Ascom's cause disputes with the northern government over its validity as, according to Khartoum, that block belongs to a consortium led by Malaysian firm Petronas [PETR.UL]. Nilepet owns 5 percent of Ascom’s concession.

[3]


References

  1. "Moldova’s Ascom probes Petronas Sudan oil block" Sudan Tribune, 11 October 2005.
  2. "Sudan oil body endorses Ascom & discusses Total concession" Sudan Tribune, 26 August 2009.
  3. "UK White Nile, Moldova firm to drill in South Sudan" Sudan Tribune, 23 January 2007.